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This excerpt taken from the WBMD 10-Q filed May 11, 2009. HLTH
Plans
Certain WebMD employees participate in the stock-based
compensation plans of HLTH (collectively, the “HLTH
Plans”). Under the HLTH Plans, certain of the
Company’s employees have received grants of options to
purchase HLTH common stock and restricted shares of HLTH Common
Stock. Additionally, all eligible WebMD employees were provided
the opportunity to participate in HLTH’s employee stock
purchase plan until HLTH terminated the stock purchase plan on
April 30, 2008. All unvested options to purchase HLTH
Common Stock and restricted shares of HLTH Common Stock held by
the Company’s employees as of the effective date of the IPO
continue to vest under the original terms of those awards. An
aggregate of 2,745,547 shares of HLTH Common Stock remained
available for grant under the HLTH Plans at March 31, 2009.
Stock
Options
Generally, options under the HLTH Plans vest and become
exercisable ratably over periods ranging from three to five
years based on their individual grant dates subject to continued
employment on the applicable vesting dates. The majority of
options granted under the HLTH Plans expire within ten years
from the date of grant. Options are granted at prices not less
than the fair market value of HLTH’s Common Stock on the
date of grant. The following table summarizes activity for the
HLTH Plans relating to the Company’s employees during the
three months ended March 31, 2009:
Table of Contents
WEBMD
HEALTH CORP.
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
Proceeds received by HLTH from the exercise of options to
purchase HLTH Common Stock were $4,579 and $712 during the three
months ended March 31, 2009 and 2008, respectively. The
intrinsic value related to the exercise of these stock options
was $1,195 and $252 during the three months ended March 31,
2009 and 2008, respectively.
This excerpt taken from the WBMD 10-Q filed Aug 11, 2008. HLTH
Plans
Certain WebMD employees participate in the stock-based
compensation plans of HLTH (collectively, the “HLTH
Plans”). Under the HLTH Plans certain of the Company
employees have received grants of options to purchase HLTH
Common Stock and restricted HLTH Common Stock. Additionally, all
eligible WebMD employees were provided the opportunity to
participate in HLTH’s employee stock purchase plan through
April 30, 2008. All unvested options to purchase HLTH
Common Stock and restricted HLTH Common Stock held by the
Company’s employees as of the effective date of the IPO
continue to vest under the original terms of those awards. An
aggregate of 5,784,648 shares of HLTH Common Stock remained
available for grant under the HLTH Plans at June 30, 2008.
Stock
Options
Generally, options under the HLTH Plans vest and become
exercisable ratably over a three to five year period based on
their individual grant dates subject to continued employment on
the applicable vesting dates. The majority of options granted
under the HLTH Plans expire within ten years from the date of
grant. Options are granted at prices not less than the fair
market value of HLTH’s Common Stock on the date of grant.
The following table summarizes activity for the HLTH Plans
relating to the Company’s employees during the six months
ended June 30, 2008:
Table of Contents
WEBMD
HEALTH CORP.
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
The fair value of each option granted is estimated on the date
of grant using the Black-Scholes option pricing model. Expected
volatility is based on implied volatility from traded options of
HLTH Common Stock combined with historical volatility of HLTH
Common Stock. Prior to January 1, 2006, only historical
volatility was considered. The expected term represents the
period of time that options are expected to be outstanding
following their grant date, and was determined using historical
exercise data. The risk-free rate is based on the
U.S. Treasury yield curve for periods equal to the expected
term of the options on the grant date.
Restricted
Stock Awards
HLTH Restricted Stock consists of shares of HLTH Common Stock
which have been awarded to the Company’s employees with
restrictions that cause them to be subject to substantial risk
of forfeiture and restrict their sale or other transfer by the
employee until they vest. Generally, HLTH Restricted Stock
awards vest ratably over a three to five year period based on
their individual award dates subject to continued employment on
the applicable vesting dates. There was no activity of
non-vested HLTH Restricted Stock relating to the Company’s
employees during the six months ended June 30, 2008.
Proceeds received by HLTH from the exercise of options to
purchase HLTH Common Stock were $1,721 and $2,433 during the
three and six months ended June 30, 2008, respectively, and
$21,662 and $44,319 during the three and six months ended
June 30, 2007, respectively. The intrinsic value related to
the exercise of these stock options, as well as the fair value
of shares of HLTH Restricted Stock that vested was $649 and $901
during the three and six months ended June 30, 2008,
respectively, and $4,998 and $15,202 during the three and six
months ended June 30, 2007, respectively.
This excerpt taken from the WBMD 10-Q filed May 12, 2008. HLTH
Plans
Certain WebMD employees participate in the stock-based
compensation plans of HLTH (collectively, “HLTH
Plans”). Under the HLTH Plans certain of the Company
employees have received grants of options to purchase HLTH
common stock and restricted HLTH common stock. Additionally, all
eligible WebMD employees are provided the opportunity to
participate in HLTH’s employee stock purchase plan. All
unvested options to purchase HLTH common stock and restricted
HLTH common stock held by the Company’s employees as of the
effective date of the IPO continue to vest under the original
terms of those awards. An aggregate of 5,632,631 shares of
HLTH Common Stock remained available for grant under the HLTH
Plans at March 31, 2008.
Stock
Options
Generally, options under the HLTH Plans vest and become
exercisable ratably over a three to five year period based on
their individual grant dates subject to continued employment on
the applicable vesting dates. The majority of options granted
under the HLTH Plans expire within ten years from the date of
grant. Options are granted at prices not less than the fair
market value of HLTH Common Stock on the date of grant. The
following table summarizes activity for the HLTH Plans relating
to the Company’s employees during the three months ended
March 31, 2008:
Table of Contents
WEBMD
HEALTH CORP.
NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
The fair value of each option granted is estimated on the date
of grant using the Black-Scholes option pricing model. Expected
volatility is based on implied volatility from traded options of
HLTH Common Stock combined with historical volatility of HLTH
Common Stock. Prior to January 1, 2006, only historical
volatility was considered. The expected term represents the
period of time that options are expected to be outstanding
following their grant date, and was determined using historical
exercise data. The risk-free rate is based on the
U.S. Treasury yield curve for periods equal to the expected
term of the options on the grant date.
Restricted
Stock Awards
HLTH Restricted Stock consists of shares of HLTH Common Stock
which have been awarded to the Company’s employees with
restrictions that cause them to be subject to substantial risk
of forfeiture and restrict their sale or other transfer by the
employee until they vest. Generally, HLTH Restricted Stock
awards vest ratably over a three to five year period based on
their individual award dates subject to continued employment on
the applicable vesting dates. There was no activity of
non-vested HLTH Restricted Stock relating to the Company’s
employees during the three months ended March 31, 2008.
Proceeds received by HLTH from the exercise of options to
purchase HLTH Common Stock were $712 and $22,657 during the
three months ended March 31, 2008 and 2007, respectively.
The intrinsic value related to the exercise of these stock
options, as well as the fair value of shares of HLTH Restricted
Stock that vested was $252 and $10,204 during the three months
ended March 31, 2008 and 2007, respectively.
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